Annual Income Tax Return means submission of return of income in the prescribed form to the Deputy Commissioner of Taxes (DCT) by the person/Company.

Every Return under this section shall be filed, unless the date is extended u/s-75 (6) of ITO, 1984, on or before the Tax Day. This is to note that, last date of Individual Tax Return is 30 November and Corporate Tax Return Is 15 January.

The last date for the submission of a return for a person may be extended by the DCT  upon the application by the person in the prescribed form.

Provided that The DCT may extended the date up to two months from the date so specified and he may further extend the date up to two months with the approval of the Inspecting Joint Commissioner.

Annual Tax Return is mandatory for every Individual person and  private/public Ltd company to submit income tax returns every year. so every company must submit their income tax returns within the stipulated time. Otherwise Assessee will have to count the financial fine.

If You failed to submit the return within the stipulated time then there is a strict provision to impose penalty U/S-124 of ITO 1984.

Following documents are required for Annual Tax Return.

1. Copy of company bank statement.

2. Copy of Company Memorandum of Articles, Incorporation Certificate

3. Copy of the company's e-TIN certificate

4. Copy of the company's trade license

5. Copies of e-TIN certificates of all directors of the company

6. Copy of income and expenditure receipts of the company, copy of audit report etc.

The income tax attorney then has the income tax return form of the company as determined by the NBR on the basis of the audit report, which must be filled out accurately.

After that you have to deposit the amount of income tax of the company in that tax year in the bank.

You will then need to submit the audit report and other documents along with the income tax return form to the designated tax circle and the tax circle will issue you a receipt acknowledgment.